The Briefing Room
General Category => Economy/Business => Topic started by: catfish1957 on July 10, 2020, 02:38:26 pm
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(https://www.publicdomainpictures.net/pictures/230000/nahled/wall-street-sign-15060630841j3.jpg)
https://www.marketwatch.com/story/stocks-rise-at-the-open-on-coronavirus-treatment-hopes-2020-07-10?mod=mw_latestnews (https://www.marketwatch.com/story/stocks-rise-at-the-open-on-coronavirus-treatment-hopes-2020-07-10?mod=mw_latestnews)
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U.S. stocks opened modestly higher Friday, buoyed by encouraging news about a coronavirus treatment.
Gilead Sciences Inc. GILD, 2.40% said in a report published Friday that its antiviral drug remdesivir reduced the risk of death for coronavirus patients by 62% compared with standard care alone. Friday's early gains come after a up-and-down week for the stock market, which has been caught between reports of rising COVID-19 cases and some economic data that has been better than expected.